Undoubtedly, changes in the economy affect the society, however we should think whether the economic growth brings benefit in terms of wealth and well-being. Economy is an integral part of society, because it defines actions that give rise to the production, distribution, exchange and consumption of goods and services. I would like to focus on the national economy in terms of economy in the I-J. […]

How effective would an increase in government spending be at promoting economic growth? Economic growth is best defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Government spending is a way of increasing aggregate demand, and if […]

Female Education and Economic Growth Case Study Of India Economic growth in India India is classified as a lower middle income country, and since 2011 is no longer regarded as a developing country (World Bank Database, 2012) due to recent high economic growth (Kohli, 2006). In 2010, the country had a real GDP growth of 8. 8 percent and a nominal GDP per capita of […]

PUBLIC EXPENDITURE AND ECONOMIC GROWTH WHAT IS PUBLIC EXPENDITURE? MEANING: Public expenditure refers to Government expenditure i. e. Government spending. It is incurred by Central, State and Local governments of a country. Spending by government , municipality, or any local authority. It covers things such as health, education or social services and is funded by tax revenue. It is one of the element that make […]

Resources used by Tesco are several in its multi stage operation. Tesco has huge operations of scale in Production, Procurement, Storage, Marketing, Finance and Supply chain management to name a very few core functions. Resource management is at the heart of the profitability function of any economic unit. These resources can be primarily grouped into Products, Services, Personnel, Capacity and Strategy. Tesco allocates one resource […]

Introduction: Economists have during recent time associated economic growth to research and development ability of a country. One of such economic models is called the endogenous growth model. According to the endogenous growth model, research and development is a key driver of technological innovations using human resources capital and the existing knowledge (Romer, 1986). This theory goes on to state that innovation is then used […]

ABSTRACT There has been a divergence of empirical findings with regard to the impact of FDI on the host economy. Some have identified a positive relationship between the influx of foreign capital and the growth of the host economy while others show no such effect. Spill over benefits have been identified by some studies while, on the other hand, other researchers do not discern such […]

Case #9 1. Is it proper to multiply the average order size, $42? 33, by the number of addresses (1,300,000) in the target mailing? a. No, there is far too much variability in responses, including a massive outlier, to have any confidence in this average. The response rate is very low, one would be concerned as to why the rate of response was only 9. […]

This has led to many changes within China like higher living standards and a Eng process of arbitration that are also having their own positive effects on economic growth. The growth that China has experienced was due to a long process of incremental reforms starting in 1978 that have transitioned China from a planned economy to a market driven economy. These reforms came in two […]

Background Information Notwithstanding the secular decline in real GDP experienced during the period 1987-93, the Cameroonian economy remains one of the largest in the CFA franc zone, with a GDP of about $9 billion in 1996. Compared with other sub-sharan African countries, Cameroon has one of the most diversified production and resource bases, as it produces and exports a broad range of commodities. Cameroon is […]